Earnings Estimates Rising for Itron (ITRI): Will It Gain?

Core Viewpoint - Itron (ITRI) is experiencing a positive trend in earnings estimates, which is likely to continue driving its stock price upward due to strong short-term price momentum and improving earnings outlook [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Itron's earnings prospects, leading to higher estimates that are expected to reflect positively in the stock price [2]. - For the current quarter, Itron is projected to earn $1.28 per share, marking a 3.23% increase from the previous year, with a 23.78% rise in consensus estimates over the last 30 days [4]. - For the full year, the expected earnings are $5.27 per share, indicating a year-over-year decline of 6.23%, but the consensus estimate has increased by 12.19% due to seven upward revisions [5]. Zacks Rank - Itron currently holds a Zacks Rank 2 (Buy), reflecting strong agreement among analysts in raising earnings estimates, which is a positive indicator for investors [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting a favorable investment opportunity in Itron [6]. Stock Performance - Itron shares have appreciated by 5.5% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [7].